Key facts
- Lot
- 0.41 acres
- Type
- Land · Unimproved Land
- MLS #
- 21979922
- County
- Marion
- Subdivision
- Burton & Campbells Park Place Add
About this home
NEW PRICE - D8 MULTIFAMILY DEVELOPMENT OPPORTUNITY WITH ARCHITECTURAL PLANS INCLUDED! Offered at $469,900, this approximately 18,000-square-foot (.41-acre) cleared site on N Capitol Avenue provides an excellent opportunity for residential infill development just north of Downtown Indianapolis. The property was previously designed and permitted for a 9-unit luxury residential project featuring eight 2-bedroom/2-bath residences plus a 3-bedroom/3-bath penthouse. Seller owns the architectural plans, which are included with the sale. Previous permits have expired and buyer will be responsible for obtaining current approvals and permits; however, the completed plans provide a valuable head start for a developer evaluating the site. Convenient to Downtown, Fall Creek, Ivy Tech, Tarkington Park, Butler-Tarkington and major transportation corridors. Bring your builder and capitalize on the substantial planning already completed for this D8 multifamily site. Buyer to independently verify zoning, permitted density and uses, utilities, plans and all current development and permitting requirements.
Description provided by the listing brokerage.
Exterior
- Other structures
Systems
- Sewer
Lot and HOA
- Zoning
- D8
Schools
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $1,152 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2023
Estimate your monthly payment
Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
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